Everyone knows what green energy is, right? It’s wind and solar and geothermal and hydroelectric. But what about nuclear power? Is nuclear green? Most people would probably say yes since it isn’t dependent on fossil fuels. But the Green Party in Germany, which is part of the ruling coalition at present, says no. Similarly, most people would probably not think of natural gas as green energy but Germany, which is heavily dependent on gas, says it is.
All of this had led to an ongoing debate within the EU about what constitutes green energy for purposes of investments. This all started back in February of this year.
Brussels has been attempting for more than a year to settle whether gas and nuclear energy should be labelled as green in the EU’s taxonomy, a rulebook that defines which investments can be marketed as climate-friendly.
In final rules due to be
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